Bob is joined by guest Peter St. Onge to discuss how SVB’s CEO, as well as Bernie Madoff, had key positions advising the Fed and SEC. Then they discuss how we should think about central banks losing money.
How the SEC was Charmed by Madoff: https://Mises.org/HAP389a
Bob’s Understanding Money Mechanics: https://Mises.org/HAP389b
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00:00 Introduction
00:46 Unethical Regulation
11:13 Alternatives to Banking Regulation
16:20 Big Problems at the Bank of Japan
20:29 The Fed/Government Connection
34:12 Fed Assets and Losses
